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Forms of Business Organisation — Syllabus

CBSE · Class 11 · Business Studies

What Forms of Business Organisation covers in CBSE Class 11 Business Studies: 4 topics, for the 2026-27 session.

85 questions94 flashcards5 concepts

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4 Topics · CBSE Class 11 Business Studies · 2026-27

Topics in Forms of Business Organisation

1

1. Sole Proprietorship

  • Owned, managed, and controlled by one individual.
  • The owner is the sole risk bearer and the sole recipient of profits.
  • There is no separate legal entity between the owner and the business.
2

2. Joint Hindu Family Business

  • Found only in India.
  • Membership arises by birth and extends across three successive generations.
  • It is governed by the Hindu Succession Act, 1956.
3

3. Partnership

  • A partnership is a relation between persons who agree to share the profits of a business carried on by all or any one of them acting for all.
  • The minimum number of partners is two.
  • As per section 464 of the Companies Act 2013, the maximum number can be 100, subject to the government-prescribed limit.
4

Types of Partners and Types of Partnership

  • Active partner contributes capital, participates in management, shares profits and losses, and has unlimited liability.
  • Sleeping or dormant partner contributes capital, shares profits and losses, has unlimited liability, but does not take part in day-to-day management.
  • Secret partner contributes capital, participates in management, shares profits and losses, and has unlimited liability, but the association is not known to the public.

Key Concepts

Central concept: Forms of Business Organisation

Sole proprietorshipJoint Hindu family businessPartnershipTypes of partnersTypes of partnershipCooperative societyTypes of cooperative societiesJoint stock company

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Frequently Asked Questions

What are the important topics in Forms of Business Organisation for CBSE Class 11 Business Studies?
Key topics in Forms of Business Organisation include Sole Proprietorship, Joint Hindu Family Business, Partnership, Types of Partners and Types of Partnership. Study these first, then practise questions on each for Class 11 exams.
How should I revise Forms of Business Organisation for Class 11 exams?
Learn the core ideas first, then work through the 85 practice questions on Forms of Business Organisation. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All CBSE Class 11 Business Studies Syllabus

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